I don't think millennials are a large enough proportion of the population to make revolt a viable option-the graying of the population has many consequences.
I'm going to say "No", not until you take away our Xboxes and Apple products anyway.
But..no, seriously, I'd be far more concerned with the retiring boomers who are going to discover that they don't have a whole heck of a lot to retire too.
But that's just me
/Gen Y dude writing this post on his Macbook Pro
"There is no such thing as spare time, no such thing as down time, no such thing as free time, there is only life time. Go."
― Henry Rollins
Maybe not an uprising but I think things will continue to become...more ragged? I also think Gen X (I'm one) will gladly step out of the way and let Gen Y have whatever the Boomers haven't consumed. That's already happening pretty much anyway.